Accounting Standards Codification (ASC) Topic 985-20, Software – Costs of Software to Be Sold, Leased, or Marketed, provides guidance on the accounting treatment for the capitalization of software costs under Generally Accepted Accounting Principles (GAAP). In recent years, cloud computing arrangements have become more prevalent, and ASC 985-20 plays a crucial role in determining the appropriate accounting treatment for costs associated with these arrangements. This article will explore the key aspects of capitalizing software costs in cloud computing arrangements under ASC 985-20 and provide examples of journal entries to help you better understand the accounting treatment.
Accounting Standards Codification (ASC) Topic 978, Real Estate - Time-Sharing Activities, provides guidance on the accounting treatment for time-sharing activities in the real estate industry under Generally Accepted Accounting Principles (GAAP). One key aspect of time-sharing activities is the recognition of maintenance fee revenue. This article will explore the key aspects of maintenance fee revenue recognition under ASC 978 and provide examples of journal entries to help you better understand the accounting treatment.
Accounting Standards Codification (ASC) Topic 972-205, Real Estate Investment Trusts - Presentation of Financial Statements, provides guidance on the presentation of financial statements for Real Estate Investment Trusts (REITs) under Generally Accepted Accounting Principles (GAAP). One of the key financial metrics for REITs is Funds from Operations (FFO), which is a non-GAAP measure used by investors to assess a REIT's performance. This article will explore the key aspects of FFO calculation under ASC 972-205 and provide examples of journal entries to help you better understand the accounting treatment.
Standards Codification (ASC) Topic 970-323, Real Estate - General - Investments - Equity Method and Joint Ventures, provides guidance on the accounting treatment for real estate investments under the equity method, specifically for joint ventures and equity method investees, under Generally Accepted Accounting Principles (GAAP). This article will explore the key aspects of equity method accounting under ASC 970-323 and provide examples of journal entries to help you better understand the accounting treatment.
Accounting Standards Codification (ASC) Topic 965-210, Plan Accounting - Health and Welfare Benefit Plans - Balance Sheet, provides guidance on the valuation of plan assets for health and welfare benefit plans under Generally Accepted Accounting Principles (GAAP). Accurate valuation of plan assets is essential for the proper reporting of a plan's financial position and performance. This article will explore the key aspects of plan assets valuation under ASC 965-210 and provide examples of journal entries to help you better understand the accounting treatment.